Traumatic Brain Injury Diagnostic Equipment Market Size, Report 28

Traumatic Brain Injury Diagnostic Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Device (Imaging Devices and Monitoring Devices), Technique [Intracranial Pressure (ICP) Monitoring and Partial Pressure of Oxygen in Brain Tissue (pBrO2)], and End User (Hospitals, Diagnostic Centers, and Others)

Publication Month: Dec 2021 | Report Code: TIPRE00018814 | No. of Pages: No. of Pages147 | Category: Medical Device | Status: Published

The traumatic brain injury diagnostic equipment market is expected to grow from US$ 3,111.44 million in 2021 to US$ 5,458.94 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.

The report offers insights and in-depth analysis of the traumatic brain injury diagnostic equipment market concerning various parameters such as market trends and opportunities, market dynamics, and competitive landscape analysis of leading market players across North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa. It also includes the impact analysis of the COVID-19 pandemic across the regions.

Strategic Insights

Report CoverageDetails
Market Size Value inUS$ 3,111.44 million in 2021
Market Size Value byUS$ 5,458.94 million by 2028
Growth rateCAGR of 8.4% from 2021 to 2028.
Forecast Period2021-2028
Base Year2021
No. of Pages147
No. of Tables84
No. of Charts & Figures70
Historical data availableYes
Segments coveredDevice, Technique, and End User
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Lucrative Regions for Traumatic Brain Injury Diagnostic Equipment Market

Lucrative Regions for Traumatic Brain Injury Diagnostic Equipment Market

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Market Insights

Rise in Traumatic Brain Injuries (TBIs)

Traumatic brain injury (TBI) often occurs due to a severe sports injury or road accident. There are four main types of TBIs—concussion, contusion, penetrating injury, and anoxic brain injury. The symptoms of TBI depend on the extent of damage to the brain. According to the Centers for Disease Control and Prevention there were about 61,000 TBI-related deaths in the US in 2019. A report by BIAA stated that about 2.8 million people in the US sustain TBI annually, with approximately 280,000 people resulting in hospitalizations, of which nearly 50,000 injuries are fatal, which results in almost 155 deaths every day from TBI-related injuries. CDC estimates that 1.6–3.8 million sports and recreation-related concussions occur each year in the US. 10% of all contact sport athletes sustain concussions every year. Brain injuries cause more fatalities than any other sports injury, ranging from 65% to 95% of all the casualties in football.

Countries like the US and Canada have witnessed a high prevalence rate of traumatic brain injuries because of road accidents and sports injuries. Gunshots or explosive blasts exposure is generally the leading cause of TBIs in active-duty military personnel. For instance, according to the Defense and Veterans Brain Injury Center (DVBIC), between 2000 and late 2019, about 414,000 traumatic brain injuries have been reported among the US military members. Likewise, according to the Brain Injury Association Waterloo-Wellington, around 11,000 fatalities are observed every year due to traumatic brain injuries in Canada, which resulted in over 6,000 people becoming permanently disabled with post-traumatic brain injuries.

Due to the COVID-19 pandemic, the demand for traumatic brain injury diagnostic equipment has slumped. The traumatic brain injury diagnostic equipment market in Asia-Pacific is anticipated to grow at the fastest rate during the forecast period. China and India are major contributors to the market growth, owing to the rising adoption of traumatic brain injury diagnostic equipment and increasing road accidents.

Device-Based Insights

 

Based on device, the traumatic brain injury diagnostic equipment market is bifurcated into imaging devices and monitoring devices. In 2021, the imaging devices segment held a larger market share. However, the monitoring devices segment is estimated to register a higher CAGR of 8.8% in the market during the forecast period.

Traumatic Brain Injury Diagnostic Equipment Market, by Device – 2021 & 2028

Traumatic Brain Injury Diagnostic Equipment Market, by Device – 2021 & 2028

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Technique-Based Insights

Based on technique, the traumatic brain injury diagnostic equipment market is segmented into intracranial pressure (ICP) monitoring and partial pressure of oxygen in brain tissue (pBrO2). In 2021, the intracranial pressure (ICP) monitoring segment held a larger market share. However, the partial pressure of oxygen in brain tissue (pBrO2) segment is estimated to register a higher CAGR of 9.0% during the forecast period.

 

Companies commonly adopt inorganic strategies such as mergers and acquisitions to cater to changing customer demands and maintain their brand names worldwide. Players operating in the traumatic brain injury diagnostic equipment market also adopt organic strategies, such as product launch and expansion, to outstretch their footprint and product portfolio worldwide and meet the growing demand.

By Devices

  • Imaging Devices
  • Monitoring Devices

By Technique

  • Intracranial Pressure (ICP) Monitoring
  • Partial Pressure of Oxygen in Brain Tissue (pBrO2)

By End User

  • Hospitals
  • Diagnostic Centers
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Africa
    • Rest of Middle East & Africa
  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • NanoDx
  • Compumedics Limited
  • Elekta AB
  • Integra LifeSciences
  • Natus Medical Incorporated
  • Nihon Kohden Corporation
  • RAUMEDIC AG
  • BrainScope Company Inc.
  • NOVASIGNAL CORPORATION
  • Medtronic
  • InfraScan, Inc.

Frequently Asked Questions

Traumatic brain injury (TBI), a form of acquired brain injury, occurs when a sudden trauma causes damage to the brain. Symptoms of a TBI can be mild, moderate, or severe, depending on the level of the damage to the brain. Imaging tests help in the diagnosis and prognosis of a TBI patient. People with mild to moderate injuries may receive skull and neck X-rays to check for bone fractures or spinal instability. The imaging test is a computed tomography (CT) scan for moderate to severe cases.
Key factors that are driving growth of the market are rise in traumatic brain injury cases and increasing awareness regarding brain injuries fuel the growth of the market.
The market is estimated to grow with a CAGR of 8.4% from 2021 to 2028.
NanoDx; Compumedics Limited; Elekta AB; Integra LifeSciences; Natus Medical Incorporated; Nihon Kohden Corporation; RAUMEDIC AG; BrainScope Company Inc.; NOVASIGNAL CORPORATION; Medtronic; InfraScan, Inc. are among the leading companies operating in the high throughput screening market.

The List of Companies - Traumatic Brain Injury Diagnostic Equipment Market

  1. NanoDx
  2. Compumedics Limited
  3. Elekta AB
  4. Integra LifeSciences
  5. Natus Medical Incorporated
  6. Nihon Kohden Corporation
  7. RAUMEDIC AG
  8. BrainScope Company Inc.
  9. NOVASIGNAL CORPORATION
  10. Medtronic
  11. InfraScan, Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the traumatic brain injury diagnostic equipment market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the US traumatic brain injury diagnostic equipment market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
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